Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.020%

Price spread now: OKX against Coinbase International+0.033%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 3 days (all we have)−0.085%−$9 · spread now +0.033%, 7d avg −0.024%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.057% dearer against Coinbase International than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.024%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.049% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,790	0.0128	pay 0.0016% / 1h	21m 42s	$441K	$2.3M	10x
Short	OKX SNDK-USDT-SWAP	1,790.6	0	get 0.0000% / 8h	7h 21m	$87.0M	$834.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee OKXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$26.88
Price spread: +0.033% → −0.024%: $5.73
Slippage, 4 orders: −$6.19
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.34
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 2 min ago	2.49 bp	7.7 bp −$8	12.4 bp −$124	35.2 bp −$3,516	doesn't fit
Sell OKX live order book, 2 min ago	0.28 bp	5.3 bp −$5	5.8 bp −$58	10.3 bp −$1,033	doesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SNDK-USDT	−0.0120%	8h	1,790.7	+0.036%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.9	−0.005%	$21.8M	$43.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.3	+0.017%	$286.3M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.9	+0.052%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,790.6	+0.033%	$87.0M	$834.7M	75x
Gate SNDK_USDT	0.0000%	8h	1,789.8	−0.013%	$182.2M	$235.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.2	+0.008%	$48.0M	$168.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.131%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.5	+0.082%	$22K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,792.2	+0.122%	$279K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,790.9	+0.049%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.5	−0.029%	$846	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.6	+0.033%	$50K	$314K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.2	+0.009%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.5	+0.027%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791.1	+0.061%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,792.3	+0.128%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0006%	1h	1,791.9	+0.106%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,790.4	+0.021%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.3	+0.074%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.7	+0.036%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790	−0.003%	$444K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.556%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.6	−0.021%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.4	+0.023%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,791.1	+0.061%	$246K	$652K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.2	+0.012%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.3	+0.016%	$115.0M	$147.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.5	−0.028%	$4.8M	$20.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.4	+0.022%	$187K	$135K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.9	−0.006%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.1	+0.007%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.1	+0.005%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.4	−0.034%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.214%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.030%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0103%	4h	1,791.4	+0.079%	$569K	$353K	10x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0128%	1h	1,790	long leg	$441K	$2.3M	10x
SoDEX SNDK-USD	+0.0182%	1h	1,790.4	+0.019%	$732K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,791.1	+0.060%	$130K	$379K	20x	as long as short